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Larva Labs

According to estimates in a recent report, around $200m in iPhone apps are sold each month in Apple’s App Store. The same report pegged the amount of money generated by app sales in Google’s Android Market at only $5m.

But one company that develops apps that are sold in both marketplaces, Larva Labs, suggests that the gap between the iPhone economy and the Android economy may be even greater.

The reason? Despite producing Android apps that are ranked well in the Android Market, that have been featured by Google and that sell for $4.99/each, the company only managed to make $62.39/day on average from Android app sales during the month of August. As Larva Labs’ Matt Hall writes, “Very difficult to buy the summer home at this rate“.